Haarer Goss, Exeter based chartered surveyors

Property News

Retail Sector Update - Winter
December 14, 2010, 11:24 am

The retail sector has proven resilient despite the credit squeeze with few vacant units currently available in the High Street.

Retail rents range significantly depending on the location, size and specification of the accommodation. The more challenging economic environment has certainly impacted on the terms which tenants feel able to offer landlords when negotiating new leases, and there is no doubt that retailers who present a reasonable covenant will obtain favourable terms from landlords keen to attract occupiers to their premises. Significant rent free periods and more flexible leases are becoming a common feature.